ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Sees Significant Growth in Short Interest

Posted by Oscar Bower on Dec 17th, 2024

ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 90,600 shares, an increase of 16.6% from the November 15th total of 77,700 shares. Based on an average daily trading volume, of 68,100 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.

ReTo Eco-Solutions Stock Performance

RETO stock traded down $0.03 during mid-day trading on Monday, hitting $0.98. The company had a trading volume of 47,327 shares, compared to its average volume of 134,984. The company has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.40. ReTo Eco-Solutions has a 12-month low of $0.86 and a 12-month high of $5.00. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On ReTo Eco-Solutions

A hedge fund recently bought a new stake in ReTo Eco-Solutions stock. XTX Topco Ltd bought a new position in ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned about 0.32% of ReTo Eco-Solutions as of its most recent SEC filing. 6.27% of the stock is currently owned by hedge funds and other institutional investors.

About ReTo Eco-Solutions

(Get Free Report)

ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.